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Dublin, Jan. 19, 2021 (GLOBE NEWSWIRE) -- The "Thermal Spray Coatings Market, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering. The global thermal spray coatings market size is expected to reach USD 13.6 billion by 2027, expanding at a CAGR of 3.9%Increasing demand from the aerospace, industrial gas turbines, and a few other application industries is expected to propel market growth. Moreover, the growing demand for corrosion-resistant coatings from these sectors is expected to be a key driver for the market.Thermal spraying is used to improve or restore the surface of a solid material. It can also be used for applying coatings to a wide range of components and materials for better resistance against cavitation, wear, abrasion erosion, and heat. In addition, it is used for providing insulation or electrical conductivity, chemical resistance, lubricity, sacrificial wear, high or low friction, and several other properties to the coated surfaces. These coatings have the high-potential market opportunities on account of their properties, such as biocompatibility, cavitation resistance, and aesthetic appeal. Increasing oil and gas exploration activities, particularly in the Asia Pacific, coupled with upcoming shale gas explorations across the globe are expected to fuel the demand further. There are several regulations governing the market.These regulatory standards define thermal-spray processes for machinery element repair of ferrous and non-ferrous substrates. Medical is expected to be the fastest-growing application segment on account of increasing application scope of thermal spray coatings in the biomedical sector. These coatings help extend the shelf life and improve the performance of dental implants and orthopedic implants. The advantages of using such coatings in the biomedical sector include superior wear and corrosion resistance and bone bond enhancement. Asia Pacific is expected to be the fastest-growing regional market on account of increasing vehicle production along with rapid economic growth in China, India, and Japan, Indonesia, South Korea, and Thailand.Further, the recent outbreak of COVID-19 has disrupted supply chains and sharply curtailed product demand. Restriction in transportation and supply due to slowdown or halting of factories and partial or nationwide lockdowns in several countries in order to restrain the spread of the pandemic is expected to negatively impact market growth.Thermal Spray Coatings Market Report Highlights Aerospace application segment led the market accounting for a revenue share of 32.3% in 2019 and is projected to maintain its dominance during the forecast periodIn the U.S, the market is anticipated to reach USD 3.8 billion by 2027 owing to the presence of key manufacturers and suppliers in the countryThe market is highly competitive in nature with the presence of a number of global medium- and small-scale companiesKey companies engage in strategies, such as mergers and acquisitions and product development, to expand their market reach and product portfolio Key Topics Covered: Chapter 1 Methodology and ScopeChapter 2 Executive SummaryChapter 3 Thermal spray coatings market Variables, Trends & Scope3.1 Market Lineage Outlook3.1.1 Global Coatings Market Outlook3.2 Thermal Spray Coatings Market Dynamics3.3 Penetration & Growth Prospect Mapping3.4 Industry Value Chain Analysis3.4.1 Raw Material Trends3.4.1.1 Epoxy Resin3.4.1.2 Polypropylene3.4.1.3 Aluminium3.4.1.4 Steel3.4.1.5 Nickel3.4.1.6 Zinc3.4.1.7 Copper3.4.1.8 Iron ore3.4.1.9 Tungsten3.4.2 Technology Overview3.4.2.1 Electric arc spray (twin wire electric arc)3.4.2.2 Flame spray3.4.2.3 Plasma spray3.4.2.4 High velocity oxy fuel (HVOF)3.4.3 Threat from Other Demand Sources3.4.4 Existing Distribution Channels3.5 Market Opportunity Assessment3.5.1 Identification of Market Avenues3.6 Market Variable Analysis3.6.1 Market Driver Analysis3.6.1.1 Increasing Demand for Industrial Gas Turbine3.6.1.2 Increasing Preference Over hard Chrome Coatings3.6.2 Market Restraint Analysis3.6.2.1 Volatile Raw Material Prices3.7 COVID-19 Impact on Thermal Spray Coatings Market3.8 Business Environment Analysis: Thermal Spray Coatings market3.8.1 Porters five forces analysis3.8.2 PESTEL analysis3.9 Regulatory3.10 List of Regulations3.10.1 United States Published Standards3.10.2 British/International Standards3.11 List of Regulations, by Raw Material3.11.1 Epoxy Resin3.11.2 Polypropylene3.11.3 Aluminium3.11.4 Steel3.11.5 Nickel3.11.6 Zinc3.11.7 Copper3.11.8 Iron ore3.11.9 TungstenChapter 4 Thermal spray coatings market: Product Estimates & Trend Analysis4.1 Thermal spray coatings market: Product movement analysis, 2019 & 20274.2 Metal4.3 Ceramic4.4 Intermetallic4.5 Polymers4.6 Carbides4.7 AbradablesChapter 5 Thermal spray coatings market: Technology Estimates & Trend Analysis5.1 Thermal spray coatings market: Technology movement analysis, 2019 & 20275.2 Cold spray5.3 Flame spray5.4 Plasma spray5.5 High Velocity Oxy Fuel (HVOF)5.6 Electric arc sprayChapter 6 Thermal spray coatings market: Application Estimates & Trend Analysis6.1 Thermal spray coatings market: Application movement analysis, 2019 & 20276.2 Aerospace6.3 Industrial gas turbines6.4 Automotive6.5 Medical6.6 Printing6.7 Oil & Gas6.8 Steel6.9 Pulp & paperChapter 7 Thermal spray coatings market: Regional Estimates & Trend Analysis7.1 Regional Market Snapshot Companies Mentioned Praxair Surface Technologies, Inc.Hoganas ABH.C. Starck Inc.Castolin EutecticWall Colmony CorporationPowder Alloy CorporationSaint-Gobain S.A.Carpenter Technology CorporationFujimi IncorporatedDurum Verschleiss-Schutz GmbHMontreal Carbide Co. Ltd.Kennametal StelliteOerlikon MetcoAMT AGGTV VerschleibschutzFlame Spray TechnologiesMedicoat AGProgressive Surface, Inc.Tocalo Co., Ltd.American Roller Company, LLCBodycote plcLincotek Surface SolutionsJohn Wood Group PLCF.W. Gartner Thermal SprayingVitta CorporationFlame Spray Coating Co.Polymer CorporationCurtiss-Wright CorporationMetallisation Ltd.TST Coatings, Inc.Air Products and Chemicals, Inc.Metallizing Equipment Co., Pvt. Ltd.TWI Ltd.Integrated Global ServicesA&A Thermal Spray CoatingsThermionPrecision Coatings, Inc.Cincinnati Thermal Spray, Inc.Abler GmbH & Co. KGPlasma Technology IncorporatedHFW Industries, Inc.Racine Flame Spray, Inc.BryCoat Inc. 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